Myanmar

Last Update by Katie, 15 Aug 2024

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Exchange Rate

18 Sep 2024

 

Cost of Living

Indicative value for a working adult in a city: Yangon

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (MMR)
McDonalds Set Meal 603
Monthly Train and Bus Tickets 1,176
3 Bedrooms Rental (City Center) 163,085
3 Bedrooms Rental (Outskirt) 114,077

Current Inflation Rate

7.83%

Wage

Minimum Wages

  • Private sector staff in companies with over 10 staff: 4,800 MMK per month (with an allowance of 2,000 MMK)

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (MMR)
Entry-Level
Fresh Graduate
 5,800
Mid-Level
5 Years
 123,400
Experienced & Managerial Level
10 Years
 241,000
Specialized & Senior-Level
15 Years
 > 470,000

Annual Salary Growth

5%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Social Security 3%
Capped at 9,000 MMK per month 		2%
Capped at 6,000 MMK per month 		All staff

Other Benefit

Other common employment benefits in Myanmar include:

  • Transport allowance: Sales positions: USD50 per month, non-sales positions: US10 per month
  • Mobile allowance: Sales positions: 30 USD per month, non-sales positions: 5 USD per month

Income Tax

Residents

  • Tax period: 1st April - 31st March
    Tax filing start date: 1st May
    Tax filing due date: 30th June

Country Level

Taxable Income Rate
0 - 2,000,000 0%
2,000,001 - 5,000,000 5%
5,000,001 - 10,000,000 10%
10,000,001 - 20,000,000 15%
20,000,001 - 30,000,000 20%
> 30,000,001 25%

Non-residents

  • Flat rate of 35%, or resident rate, whichever is higher

Working Hours

Statutory

48 hours
8 hours a day, 6 days a week

Typical practice

48 hours
Monday- Saturday

Overtime

Shall not exceed more than 16 hours per week for continuous work

  • Salary paid staff: Hourly rate= {(salary x 12 month) / 52-week x 44 (48) hours} x 2
  • Daily paid staff: Hourly rate = {(daily wage x 6 day) / 44 (48) hours} x 2
  • Piece-work staff: Hourly rate = {(daily average wage x 6 day) / 44 (48) hours} x 2

Employment Contract

Permanent

Contract Format

Employers with over 5 staff must use the Burmese Ministry of Labour, Immigration and Population (MLIP) contract template, sign and register the contract and issue it to staff within 30 days of the employment start date

Payroll Currency

MMR

Probation

Up to 90 days

Contract Period

No minimum duration

Termination

  • Notice during probation:
    - 1 month notice in writing or 1 month Payment in Lieu of Notice
  • Voluntary resignation:
    - 30 days notice
  • Involuntary termination
    - For business, personal reasons or poor performance: 30 days written notice
    - For misconduct: No notice
  • Severance:
    - Staff dismissed for misconduct or who resign are not eligible
    - 6-12 months' service: 0.5 months' salary
    - 1 -2 years' service: 1 month salary
    - 2 - 3 years' service: 1.5 months' salary
    - 3 - 4 years' service: 3 months' salary
    - 4 - 6 years' service: 4 months' salary
    - 6 - 8 years' service: 5 months' salary
    - 8 - 10 years' service: 6 months' salary
    - 10 - 20 years' service: 8 months' salary
    - 20 - 25 years' service: 10 months' salary
    - Over 25 years' service: 13 months' salary

Public Holiday

24 days

Country Level

Date Name
01 Jan New Year's Day
04 Jan Independence Day
12 Feb Union Day
02 Mar Peasants' Day
24 Mar - 25 Mar Full Moon Day of Tabaung
27 Mar Armed Forces Day
13 Apr - 16 Apr Water Festival
17 Apr Burmese New Year
01 May Labor Day
22 May Full Moon Day of Kasong
19 Jul Martyrs' Day
20 Jul - 22 Jul Full Moon Day of Waso
16 Oct - 18 Oct Day before Full Moon Day of Thadingyut
14 Nov - 15 Nov Full Moon Day of Tazaungmone
25 Nov National Day
25 Dec Christmas Day
30 Dec Kayin New Year
31 Dec New Year's Eve

Leave

Leave Type Entitlement Notes
Earned (annual) Leave 10 working days All staff with 12 months' continuous service
Medical Leave 30 working days All Staff with 6 months' continuous service
Maternity Leave 14 weeks, 6 weeks before birth, 8 weeks after
18 weeks for twins 		All expectant mothers with 1 year service
Paternity Leave 15 working days Expectant fathers with 1 year service
Adoption Leave Up to 8 weeks All staff adopting a child with 1 year service
Casual Leave 6 days per year All staff from the first day of service
Funeral Leave Days remaining in causal or annual leave All staff for death of a family member

Reference

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